Pension Plans
May 23rd 2011 | 4:07 am
#16
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Pension Plans
Be very careful with any of these fancy UK tax efficient schemes such as SIPPs and ISAs.
The may have tax free benefits in the UK but if you are tax resident in Spain the rules may be completely different. ISAs are taxable in Spain and even the lump sum payment from a UK pension plan is taxable.
Even a UK premium bond win is taxable in Spain!
The may have tax free benefits in the UK but if you are tax resident in Spain the rules may be completely different. ISAs are taxable in Spain and even the lump sum payment from a UK pension plan is taxable.
Even a UK premium bond win is taxable in Spain!
Re: Pension Plans
May 23rd 2011 | 4:15 am
#19
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
